Newbie vanguard help

[tambo]

I'm so sorry in advance.  I'm sure this is a ridiculous question.  I recently opened a Roth IRA on Vanguard with $3,500.  Then I bought $3,500 of a Retirement plan mutual fund that states it invests its fund 90% equities, 10% bonds. But on Vanguard my portfolio shows I have 50% in short term reserves.  But all of my $3500 is in the mutual fund.  Does that mean the fund is keeping 50% in reserves?  And why? 

[FI_Sleuth]

What fund did you buy?

[tambo]

Vforx

[FI_Sleuth]

Vforx

Hmm that's odd. Maybe the transaction didn't go through yet?

Someone else will chime in I'm sure.

I was auto enrolled into a target retirement fund and recently switched to lower fee index funds. Read JLcollins stock series if interested. Highly recommend his book, simple path to wealth, as well.

[jdhansen]

If you are referring to the asset mix, that usually takes a day or so to update after a purchase is made.  Check again once the transaction has been completed and it should have correct to the proper assets mix.

[rebecca527]

In my experience, Vanguard has excellent customer service - I'd try calling their customer service phone number and asking them about it!

[tambo]

Thanks!  Yes, it seems it just took a few days after posting to update.  It was showing the $3500 still in reserves and the same $3500 in the fund. It has now updated, showing the 90/10 profile that I expected.